Tuesday, April 4, 2017 - 01:38 PM
The South Oil Company announced on Tuesday a decision to change its name to the Basra Oil Company after the establishment of the Dhi Qar oil company and the independence of its oil sites from the South Oil Company.
The director of public relations in the South Oil Company Thaer Yassin said in a statement to the Murad that the board of directors of the company held an extraordinary session yesterday chaired by General Manager of the company Hayyan Abdul Ghani, and decided to change the name of the South Oil Company (a public company) to Basra Petroleum Company (a public company) .
He explained that the decision comes after the oil minister announced last Thursday the establishment of the Dhi Qar oil company and the separation of its sites from the South Oil Company.
It is noteworthy that the Council of Ministers agreed in its meeting on 5 January 2016 to change the name of the Southern Oil Company to the Basra Oil Company.
Between Prime Minister Mahdi al-Alaq's office on January 7, 2016, that the decision to change the name of the Southern Oil Company to Basra oil will entail a restructuring of the company, where it will devote to work in Basra only after it was responsible for the management of work in other provinces.
For his part, the legal expert Tariq Harb to Murad on 8 January 2016 that changing the name of the Southern Oil Company to the Basra Oil Company does not result in an increase or decrease in the powers granted to the company.
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